Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$33.00, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 34x in the Electronic industry in Taiwan. Total returns to shareholders of 53% over the past three years. Upcoming Dividend • Jun 25
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 02 July 2026. Payment date: 28 July 2026. Payout ratio and cash payout ratio are on the higher end at 91% and 82% respectively. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.3%). New Risk • Jun 24
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 91% Dividend yield: 5.3% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (91% payout ratio). Market cap is less than US$100m (NT$2.71b market cap, or US$85.4m). Declared Dividend • Apr 27
Dividend of NT$1.50 announced Shareholders will receive a dividend of NT$1.50. Ex-date: 2nd July 2026 Payment date: 28th July 2026 Dividend yield will be 5.7%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 77% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.6% EPS decline seen over the last 5 years. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: NT$0.68 (vs NT$0.75 in 1Q 2025) First quarter 2026 results: EPS: NT$0.68 (down from NT$0.75 in 1Q 2025). Revenue: NT$440.9m (up 4.7% from 1Q 2025). Net income: NT$65.6m (down 5.8% from 1Q 2025). Profit margin: 15% (down from 17% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Mar 12
XAC Automation Corporation, Annual General Meeting, Jun 16, 2026 XAC Automation Corporation, Annual General Meeting, Jun 16, 2026. Location: no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$1.69 (vs NT$0.35 in FY 2024) Full year 2025 results: EPS: NT$1.69 (up from NT$0.35 in FY 2024). Revenue: NT$1.54b (up 12% from FY 2024). Net income: NT$157.9m (up 381% from FY 2024). Profit margin: 10% (up from 2.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$0.40 (vs NT$0.004 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.40 (up from NT$0.004 loss in 3Q 2024). Revenue: NT$368.2m (up 23% from 3Q 2024). Net income: NT$37.2m (up NT$37.6m from 3Q 2024). Profit margin: 10% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$31.45, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.047 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.11 (up from NT$0.047 in 2Q 2024). Revenue: NT$337.0m (down 6.7% from 2Q 2024). Net income: NT$10.4m (up 136% from 2Q 2024). Profit margin: 3.1% (up from 1.2% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 26
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$32.10, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 33% over the past three years. Reported Earnings • May 05
First quarter 2025 earnings released: EPS: NT$0.75 (vs NT$0.083 in 1Q 2024) First quarter 2025 results: EPS: NT$0.75 (up from NT$0.083 in 1Q 2024). Revenue: NT$421.1m (up 26% from 1Q 2024). Net income: NT$69.6m (up NT$61.8m from 1Q 2024). Profit margin: 17% (up from 2.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • May 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 58% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (NT$2.79b market cap, or US$91.2m). Annuncio • May 01
XAC Automation Corporation announced a financing transaction XAC Automation Corporation announced a private placement to issue not more than 9,600,000 ordinary shares on April 30, 2025.The transaction may happen in lump sum or tranches, not more than three tranches within 1 year from the date of the shareholders' meeting resolution. The issue price is no less than 80% of the higher calculated price. The issuance is approved by board of directors and subject to shareholders approval. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$26.45, the stock trades at a trailing P/E ratio of 77.4x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 8.9% over the past three years. Annuncio • Apr 23
XAC Automation Corporation to Report Q1, 2025 Results on Apr 30, 2025 XAC Automation Corporation announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$19.10, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 23% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.35 (vs NT$1.85 loss in FY 2023) Full year 2024 results: EPS: NT$0.35 (up from NT$1.85 loss in FY 2023). Revenue: NT$1.37b (up 79% from FY 2023). Net income: NT$32.9m (up NT$205.4m from FY 2023). Profit margin: 2.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Feb 28
XAC Automation Corporation to Report Q4, 2024 Results on Mar 12, 2025 XAC Automation Corporation announced that they will report Q4, 2024 results on Mar 12, 2025 Annuncio • Jan 17
XAC Automation Corporation to Report Q4, 2024 Results on Jan 22, 2025 XAC Automation Corporation announced that they will report Q4, 2024 results on Jan 22, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: NT$0.005 loss per share (vs NT$0.54 loss in 3Q 2023) Third quarter 2024 results: NT$0.005 loss per share (improved from NT$0.54 loss in 3Q 2023). Revenue: NT$300.1m (up 48% from 3Q 2023). Net loss: NT$419.0k (loss narrowed 99% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • Oct 25
XAC Automation Corporation to Report Q3, 2024 Results on Nov 06, 2024 XAC Automation Corporation announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$0.05 (vs NT$0.54 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.05 (up from NT$0.54 loss in 2Q 2023). Revenue: NT$361.2m (up 122% from 2Q 2023). Net income: NT$4.40m (up NT$54.7m from 2Q 2023). Profit margin: 1.2% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Annuncio • Jul 31
XAC Automation Corporation to Report Q2, 2024 Results on Aug 07, 2024 XAC Automation Corporation announced that they will report Q2, 2024 results on Aug 07, 2024 Reported Earnings • May 11
First quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.64 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.08 (up from NT$0.64 loss in 1Q 2023). Revenue: NT$335.2m (up 113% from 1Q 2023). Net income: NT$7.78m (up NT$66.9m from 1Q 2023). Profit margin: 2.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 14
Full year 2023 earnings released: NT$1.85 loss per share (vs NT$1.79 loss in FY 2022) Full year 2023 results: NT$1.85 loss per share (further deteriorated from NT$1.79 loss in FY 2022). Revenue: NT$767.3m (down 45% from FY 2022). Net loss: NT$172.6m (loss widened 4.3% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Annuncio • Mar 09
XAC Automation Corporation announced a financing transaction XAC Automation Corporation announced a private placement to issue 9,600,000 shares on March 7, 2024. The transaction has been approved by the shareholders of the company and is expected to close either in lumpsum or in tranches within 1 year from the date of the shareholders' meeting resolution. The securities are restricted to a hold period of 3 years. Annuncio • Mar 08
XAC Automation Corporation, Annual General Meeting, Jun 12, 2024 XAC Automation Corporation, Annual General Meeting, Jun 12, 2024. Location: Einstein Hall,HSP LINK,No. 1, Industry E. 2nd Rd.,Hsinchu Science Park, Hsinchu City Taiwan Agenda: To consider Report the business of 2023; to consider Audit Committee's review report; to consider status report of Company's indirect investment in mainland China; to consider loans to others in 2023; to consider establish the Ethical Corporate Management Best Practice Principles; to consider report on results of shareholder's proposals; to consider 2023 business report and financial statement; to consider adoption of the proposal for 2023 deficit compensation; and to consider other matters. New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 198% Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (NT$2.63b market cap, or US$84.0m). Annuncio • Feb 15
Presto Automation Wins Final Appeal in Case Against XAC Presto Automation Inc. has on February 8, 2024 received a court order representing the favorable verdict received from the Singapore Court of Appeal in the final hearing of its case against XAC Automation Corp. on January 16, 2024. The favorable verdict dismissed XAC’s appeal and upheld the award of $11.1 million previously made to the Company adding an additional SGD 50,000 (approximately $32,000) award for costs associated with the appeal. XAC has no further recourse to set aside the award. Domesticating the award in Taiwan may take between several months to more than a year, but the Company is currently exploring alternatives to enforce or monetize the award in a shorter timeline. Reported Earnings • Aug 13
Second quarter 2023 earnings released: NT$0.54 loss per share (vs NT$2.38 loss in 2Q 2022) Second quarter 2023 results: NT$0.54 loss per share (improved from NT$2.38 loss in 2Q 2022). Revenue: NT$162.9m (down 65% from 2Q 2022). Net loss: NT$50.3m (loss narrowed 77% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 23
Full year 2022 earnings released: NT$1.79 loss per share (vs NT$1.41 profit in FY 2021) Full year 2022 results: NT$1.79 loss per share (down from NT$1.41 profit in FY 2021). Revenue: NT$1.40b (down 11% from FY 2021). Net loss: NT$165.5m (down 224% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 16
Second quarter 2022 earnings released: NT$2.38 loss per share (vs NT$0.12 loss in 2Q 2021) Second quarter 2022 results: NT$2.38 loss per share (down from NT$0.12 loss in 2Q 2021). Revenue: NT$466.6m (up 86% from 2Q 2021). Net loss: NT$219.8m (loss widened NT$208.3m from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 27
Upcoming dividend of NT$1.25 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 27 July 2022. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (6.3%). In line with average of industry peers (4.6%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$1.41 (vs NT$2.19 in FY 2020) Full year 2021 results: EPS: NT$1.41 (down from NT$2.19 in FY 2020). Revenue: NT$1.58b (down 7.5% from FY 2020). Net income: NT$133.3m (down 36% from FY 2020). Profit margin: 8.4% (down from 12% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 16
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 23 August 2021. Payment date: 10 September 2021. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%). Reported Earnings • May 02
First quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.022 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$273.7m (up 12% from 1Q 2020). Net income: NT$15.1m (up NT$17.2m from 1Q 2020). Profit margin: 5.5% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS NT$2.19 (vs NT$2.79 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$1.71b (down 16% from FY 2019). Net income: NT$207.2m (down 21% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 04
New 90-day low: NT$24.35 The company is down 3.0% from its price of NT$25.00 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: NT$27.60 The company is up 4.0% from its price of NT$26.45 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: NT$27.55 The company is up 5.0% from its price of NT$26.20 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.72 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$493.5m (down 7.3% from 3Q 2019). Net income: NT$68.0m (up 27% from 3Q 2019). Profit margin: 14% (up from 10% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 03
New 90-day low: NT$25.80 The company is down 7.0% from its price of NT$27.70 on 05 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 6.0% over the same period. Annuncio • Sep 21
XAC Automation Corporation(GTSM:5490) dropped from S&P Global BMI Index XAC Automation Corporation(GTSM:5490) dropped from S&P Global BMI Index